MUFG Bank is among three Japanese firms leading a $290-million fundraising round for U.S. spaceship company Sierra Space, spearheading a commercial 'spaceport' project in the southwestern region of Oita, the Nikkei daily said on Tuesday.
A man walks past a signboard of MUFG Bank in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai/File photo
TOKYO, Sept 26 - MUFG Bank is among three Japanese firms leading a $290-million fundraising round for U.S. spaceship company Sierra Space, spearheading a commercial "spaceport" project in the southwestern region of Oita, the Nikkei daily said on Tuesday.for national space missions, Japanese companies aiming to foray into space are increasingly deepening ties with private companies, from American giants such as SpaceX to home-grown startups.
MUFG Bank, insurer Tokio Marine & Nichido Fire and trading house Kanematsu together invested several tens of billions of yen in Sierra, gaining a stake in the unlisted company that was now probably valued in excess of $5 billion, the paper said., confirmed that the three companies formed a strategic partnership with Sierra, but declined to elaborate on their investments.
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